The clarion., 1887-03-23
CHARTER OF INCORPORATION =
-oF THE-
Jackson Land and Improvement Go.

]. J. B. Harris, L. Brame, W. w. Stone, Will
liam Short, r. A Melville, ). Z. Virden, Paul
Barnett, W. L. Nugent, B W. Griffith, NJ. ); Craft,
w L. Hemingway, P. w. Peoples, J. II. Odeneal,
+. A Wolfe, and such other persons as they may
hereafter associate with them, are hereby me ie
body corporate under the name of the jackson
Land and I'm provement Company" BY that name
said corporation may sue and be sued, may con-
tract may have seal and alter the same at pleas
ure, and may make such rules and bylaws, not
inconsistent with law, as may be deemed proper;
aud the corporate existence shall be perpetual The
domicile OF the Corporation shall be Jackson Mis-
sissipp, but it may have pla es OF business else
where in this State or out OF il.
2. The capital $ ock of said Company is fixed at
1hirty-seven thousand Five Hundred Dollars, to
be divided into shar. OF one hundred dollars each
The certificates of shares of stock shall be issued
on the vote of the Board of Directors, and when
issued shall be signed by the President, or Vice
President and the Secretary, and shall be transfer
able in writing on the books OF the Company as the
Board OF Directors may require. The capital stock
of the Company may be increased from time to
time to any amount on the recommendation of the
Board of Directors, approved by two-thirds vote
of the Shareholders.
g. The officers of said Corporation shall be
President, Vlce-President, ; cretary, treasurer
and hve Directors; and the President, Vice P esi-
dent, seer -tary, Treasurer and five Directors shall
constitute the Board OF directors a majority of
whom shall constitute quorum. The Board of
Directors shall conduct and direct all the business
affairs of the corporation, and shall have power to
appoint any other officers agents that the busi-
ness of the Company may require. The presiding
officer in the meetings of the Board of Directors
shall be the President, in his absence the Vice.
President, and in the absence of both, the board
may choose one of the directors 10 preside. The
presiding officer shall not be entitled to a vote ex
ceIt in of tie. All vacancies shall be filled.
a. the board OF directors may provide. The fol-
lowing persons hereby designated as the officers
of the corporation: j. b. Harris, PRESIDENT M 5.
Craft, vice president; J.. Brame, secretary; b. W.
Griffith, treasurer; T. A. New lille, William Short,
j. H. 0deneal. z, w. Peoples, and H. K. Ware
directors Such persons shall hold Office until the
first election OF officers by the shareholders the first
Monday in October, 1887, and until their successors
are elected and qualified.
4. Immediately the approval of this charter the
secretary may open books for the purpose OF roceiv
ing subscriptions TO the capital stock of the eompa-
ny; and when much twenty thousand dollars
shall have been subscribed, the corporation may
proceed in the exercise OF its powers. Said COM
pany shall have power TO acquire and own lands or
personal property to any amount anywhere in the
state OF Mississippi, or elsewhere TO use, lease,
grant, sell convey the same for cash credit;
to exchange the same for other property; to mort
gage or otherwise cucumber any of its property;
to borrow money; issue bonds; negotiate loans; to
build and operate street railway or railways,
manufacturing and mining establishments of all
kinds; and water works in near the City of
jackson; TO build hotels, storehouses, warehouses;
dwellings or other houses, and to lease, occupy or
use the same; and to do all such other things as
corporations Of this character are empowered to do
under tue general laws of this State,
5. After The first election, the first Monday in
October, 1887, officers shall be eleced annually by
the stockholders. The meeting ler that purpose
shall be in the city of Jackson, and at least two
weeks notice OF each meeting shall be given by the
president or secretary by publication in some news
paper in jackson; but such regular meeting
shall be made illegal by a failure to give the no.
tice All such elections shall be by ballot, aud each
stockholder shall be entitled TO one vote, in person.
by written proxy for each share OF stock held by
such person; ali officers shall hold office until
their successors are chosen and qualified. After
the company is organized the failure 10 give notice,
hold elections and select officers as provided, shall
not work dissolution OF the corporation or Tor
feiture.
6. The meetings of the board of directors shall
be in the city OF jackson, Mississippi, or at any
~ Ill ma m
at any time the call of the president vice-pres
dent or of secretary, any two OF the directors
The time for the regular annual meeting OF tne ooaTo
of directors shall be just after the Getting OF stock
holders held for the election OF officers but TINS
meeting shall not be absolutely essential IL shall
not be necessary for the minutes OF the ooaru al
any meeting to show a formal call, but the pro-
ceedings shsl be deemed regular in all respects II
quorum is preseat and the minutes are signed oy
| the presiding officer.
| T. Deeds conveying any of the property of the
company shall only be made ny order OF the board
of directors and shall be signed by the president
| or vice-prcsident, and the secretary, who shall
at ach thereto the seal OF the corporation; and tns
pre- sidept, or viee-president, as the case may be
shal acknowledge such deeds In due form accoTdlnt
| 10 the general laws This being done, such deed
shall be etectusl for all purposes, and 1t snail no
be necessary to show by other evidence the sane
ton OF the board of directors.
| 3 The shareholders at any meeting may ma,
provide by resolution what compensation is TO b
paid the officers or agents OF the company and tns
board OF directors shall require OF the treasurer o.
| of any other officer such official bond, with gooe
security from time TO time, as may be deeme'
advisable A full and complete record shall be KEEP
of the proceedings of the board OF directors and tn
proceedings had at the meetings OF the stocknold
erS.
II g. The board of directors shall provide Tor tns
payment OF such calls by shareholders on UNPAID
| stock from time to time as may be deemed proper
and payment shall be made by the stoekheider
accordingly. The board may direct what notice,
any shall be given OF such calls; and the eompan,
shall have lien on all shares of members ior caIi
or other debts they may owe the corporation, II
no event shall Shareholders liable for any OF tn
debts or obligations of the company in excess OF IN
| amount of unpaid subscriptions to their capita
| stock. .
30 On the first Monday OF April and october Il
each wear the board of directors shall MAKE a Iu
and specific report OF the condition Of the AFFAIRS
| the company and the books OF the company shal
! At all times be sabject to the inspection oil an
| stockholder.
III If the board Of directors shall SO order, or o.
the written request Of three or more stock
Al any time the president shall call special meei
ing OF the shareholders of the corporation, oil whic
at least Ave days written notice shall De given IN
| stock holders by the secretary.
1 mara 'S7 3w.